Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 20, 1980, Winnipeg, Manitoba 4 Winnipeg free August v a photo Market forces blamed for High mortgage rates heres one you get to keep Matt of is hit by a calf at the Indiana state fair yesterday As he and other future Farmers of America attempted to catch 16 calves and put them in a pen during the annual Fairgrounds Heifer while Robertson had one calf two others jumped Over he ended up with a bloody nose but Hung on to the downed which he got to soviets not expected to intervene in Poland by the associated press the official soviet news Agency Tass carried its first report yesterday on the spreading labor unrest in stressing polish communist Leader Edward Gieres warnings against any tampering with the communist sys nato officials in Belgium said they saw no immediate danger of soviet troops moving to quell the polish labor officials in Washington continued a policy of not issuing a wanting to the soviets on the potential consequences of intervention in the official news Agency Tass re ported from Warsaw on Gieres address to striking workers the report was also read Over National soviet its heavy emphasis on Gieres warnings about changing the socialist system suggested this is where the Kremlin draws the line in concessions to striking touching on the state of affairs at some enterprises of the Gdansk Edward Gierek noted the attempts of using work stoppages for hostile Politi Cal and the facts of stirring up of negative sentiments by some Irre Spon anarchist and anti socialist ele lass the walkouts have so far aroused no polish officials refrain from Force continued from Page 1 such major political reforms As Trade unions free of communist party con Access by religious groups to the mass and an end to censor communist party chief Edward Gierek in a speech monday night promised gradual pay but said there would be no political Compro Mises and told the strikers to go Back to they and dissident and diplomatic sources reported police reinforcements were flown to the Gdansk but Miroslaw editor of the government news said we do not need the we have no intention of occupying the the government apparently was hop ing a Divide and conquer strategy would Woicechowski said the special negotiating delegation named by the government would meet Only with individual strike not with the unified strike committee headed by Lech an electrician at the Lenin Walesa was telling report ers outside the Gates of the Yard we Are the first True representatives of workers in our nation our main aim i to create free Trade unions Independent of the party and the government be cause Only then the interest of the nation and the interest of the workers can be objectively until we have free Trade a strike is the Only Means of the strike is the third major labor upheaval in Poland in 11 evident sympathy from workers in the soviet where Large scale strikes Are virtually unheard sources in Moscow said Many soviet citizens have limited sympathy for East european whom they see As economic burdens on the soviet although Tass offered no indication of the scope of the it said Gierek had expressed concern Over the recent events in the country linked to work interruptions at several enter Prises which have violated the Normal rhythm of Tass noted Gieres admission that economic problems were linked to mistakes in economic politics and cited Gieres pledge that the polish communist party Central committee would quickly look into these ques a spokesman at supreme Headquarters Allied Powers Europe in Belgium said it appears the polish government can still control its internal travellers arriving in Sweden from Poland report soviet and polish troop movements in Northern spark ing speculation that Moscow might act to end the polish Ottawa up much to the Dis May of housing contractors and some economic mortgage rates have risen to Levels that would have been unheard of at this time last interest rates in general have been coming Down from their Al time highs in and mortgages kept Pace with the trend through Early since that the going rate for a closed convention Al mortgage has climbed to As much As 14 per cent from 13 per cent or and its anyone guess what will happen to rates Between now and the end of the if you talk to five you get five different says Wil Liam executive Vic Epresi Dent of the Trust companies association of while the experts May not agree on their they agree on the Rea son for mortgage rates rebounding this summer medium and Lon term Money is simply More expensive to get its been difficult institutions such As Trust companies and subsidiaries of chartered Banks try to match the Money they loan out in mortgages with the Money they receive from investors buying five year term whats happened in the last two months is that its been difficult for the institutions to attract these investors Black Zimbabwe Cabinet minister released on bail from the news services Zimbabwe Edgar a Black Cabinet minister charged with murder in the shooting of a White was released from prison yesterday about an hour after the Zimbabwe High court approved bail of police were reported to have accompanied Tevere in the car that took him away from Chiku Rubi just out Side where he has been held since the minister of manpower and planning in the Fourmont hold Black majority is accused of leading a group of his body guards in a military style attack 4 on a farm West of the farm manager Gerald was shot in the police Channel swim fails England Cindy a 22yearold Toronto Law abandoned her attempted three Way swim of the English Channel in France Early today after one crossing because of rough she had planned to swim from England to returning and then going Back to if she had Suc she would have been the first person to do she previously had sum the Channel 10 times six singles and two election expenses paid Ottawa taxpayers will be Reim Bursing the three main political parties million for their advertisements in the 18 election political parties Are allowed to de duct portions of their costs for buying advertising time on radio and Tele vision under the election expenses the conservatives will get a subsidy of the liberals and the nip the Rhinoceros party will receive a subsidy of on a total advertising expenditure of Canadian cars recalled about Chevrolet Samaros and Pontiac fire Birds in Canada Are affected by the recall order issued monday by general motors for inspection of a faulty steering a spokesman for general motors of Canada said Boyd Chesney said there were Samaros and firebirds in Canada included in the All Are 1980 general motors said a nut connecting the front lower Ball joint to the steering knuckle May not have been fully tight ened during the nut might loosen and fall permitting the joint to quake victims sought Ecuador City Crews removed debris and searched for news Roundup bodies yesterday in this rubble strewn Pacific port City where an earthquake killed at least eight people and injured the registering on the Richter happened at Cost monday and was Felt through most of Only with a population of about one suffered serious in the country largest City and major the quake began As a hammering motion followed by oscillating Waves that Shook buildings and panicked Many police said the dead included two both crushed by falling police officers assaulted Toronto ail available police units in the City were rushed to the Canadian National exhibition last night after fans at a Rock concert at exhibition stadium started a disturb police said the incident began after a Long fans were told that Rock performer Alice Cooper would not be a police spokesman said at least 30 persons were arrested and charges would include causing a assaulting police and obstructing to the crowd at the concert was estimated at fire destroys artefacts Glace thousands of artefacts outlining More than seventy years of Cape bretons Coal mining history went up in Black smoke yester Day when fire destroyed the Glace Bay miners museum firefighters arrived on the scene to find the Structure completely in they first believed the fire started from an underground Colliery which is part of the museum but a fire department spokesman says they Are now unsure where the Blaze conservation Bill passes Washington the Senate voted 78 to 14 yesterday for a Bill designating 104 million acres of land in Alaska As National wildlife re Fuges and other conservation Pur efforts by the House of representatives to strengthen the senates historic and hard won Alaska wilderness Bill probably would result Only in improving the Bill to senator Henry Jackson warned its that or Jackson the legislation More than triples land designated As talks Cost province a me and helicopter and to be distributed Prtini its starting today will Cost the Mambo it Pic Miike will Benefit from up j in revenues from King during a planned at the government owned Gull i Emit Huiel at Hecla Provin a c the d e i delegates will attend the the delegates m Luse s and be expect 35 to accompany the v to the Iii be the largest at As prov will be represented by Premier Sterling finance minister Don attorney general Gerry assistant Dep Uty finance minister Jim Eldidge and two of the premiers delegates to the conference will be Able to indulge in three a Squash club and an ethnic feast at Gull Golf course closed the premiers will be flown from Winnipeg to the Hecla Island resort by and the Public Golf course has been reserved for the premiers exclusive use on the province also bought out thurs Day evenings performance of boat at Rainbow stage at a Cost of passes were issued to Munici pal Heads of Provin Cial senior citizens and top Manitoba opposition Leader Howard Pawley said yesterday he had not received an invitation to the visiting premiers will be granted a special limited edition Pant of Delta Marsh by Manitoba artist Peter commemorating the 21st annual Confer delegates have to pay for the costs of their transportation to the their accommodation at the hotel fort Garry for two nights and at Gull har Bour for the next two Gull Harbour general manager Michael Plum Edge said the government was not granted any special Finan Cial concessions for the Lyon despite injury without paying them Premium rates for their Peter Royal Bank of Canada assistant Genera manager of retail lending and mortgage says institutional investors and individuals alike have been reluctant to lock their Money into longer term investments because of a general feeling of uncertainty about the Carter says the yield on the most recent Issue of five year government of Canada Bonds has risen to nearly 12 per cent within the last and Trust companies and Bank affiliates must go even higher than that to at tract funds to lend out for the rate for five year guaranteed investment certificates is running about per with an additional percentage Points for operating expenses and profit the mini mum spread the lending institutions like to maintain the rate for a five year mortgage would be per the institutions Are also being squeezed by Lon term deposits obtained last Spring when interest rates were even though interest rates generally have they must continue to pay High returns on those five year Duncan Vic president and treasurer of Canada trustee mortgage says Many investors made their moves when the rates were March and april and most of May were gangbusters he All this is Little Comfort to the person renewing his mortgage this fall or builders facing their worst slump in Cable firm says rates wont Rise a Public utilities Board ruling in creasing the rate charged by the Mani Toba Telephone system to greater Winnipeg Cablevision for rental of coaxial Cable will have no immediate Impact on the rate paid by Cablevision sub says the manager of greater Winnipeg Hugh Comack said the 11centsper 100ftet annual rental increase has been worked into operating costs for 18 and the initial Impact will not be All that a similar ruling was issued to Winni Peg Videon but spokesmen for that company could not be reached for Comack said the ruling sets the scene for Winnipeg Cablevision companies to have Access to additional channels on the 20channel coaxial the Cable operators now use 12 with the others reserved for use by not full Cost the ruling granted its 55 per cent of the 20centsper100feet in crease the Board said be cause the Cable companies use Only 12 of 20 they have to pay the full Comack said if the additional Chan Nels Are opened up the companies could offer subscribers a wider service and then would apply for a rate in crease to the Canadian radio and Tele vision the pub ruling will mean the two Winnipeg Cablevision operators will pay More than yearly to rent their coaxial Comack any increase in rates to Consumers will be based on new services offered and added such in creases would amount to pennies As far As the customer is greater Winnipeg Cablevision limited will now pay an annual rate of to the company while Winnipeg Videon will pay Lyon sets tone for conference continued from Page 1 its not just a question of robbing from Peter to pay the its a question of taking Export tax revenues out of the hands of the people of Mani All premiers would disapprove of Ottawa invasion into the provinces traditional control Over resources in an attempt to obtain funds for a depleted Federal said the Premier said he didst expect Ottawa to react favourably even if the provinces take a United stand against an Export we have to our to expect a response of total confrontation but we live in Hope we must that this government will abandon its position of almost perverse conf Munira Tion on whatever ;